Article, Oxford Energy Forum Journal

Author: 

Alex Vines

East Africa is the new oil and gas frontier, and Mozambique is the hot prospect with Tanzania not far behind. East Africa shows how quickly oil and gas frontiers shift and how new finds swiftly change the way that industry investors and analysts treat a region.

East Africa offers the chance to use newly found oil and gas to enhance regional development and integration, and not repeat the mistakes of others. The region's political leadership needs to show vision and foresight by being strategic in using these resources to enhance regional infrastructure, diversify its economies further, and invest in education to reduce poverty and create globally competitive economies.